Digicel Group has announced plans not to proceed with an IPO at this time. Despite significant support from a number of investors during the marketing period, Digicel has decided that current conditions, especially in emerging markets, make an IPO a less attractive option for the company.

Chairman Denis O’Brien said that an IPO was and predicated on achieving fair value for the company. He said the company’s growth plans remain unchanged and that it remained in a strong position to exploit areas of interest in data, business services, cable TV and broadband.